In a statement organizers of the Shangri-La Dialogue Asian security summit, which is scheduled to be held in Singapore next month said, U.S. Defense Secretary Lloyd Austin will be attending the security summit. The annual meeting was cancelled in 2020… Read More ›
Regulations & Legal
KKR & Co Inc raises $18.5 billion for flagship North America private equity fund
According to a source familiar with the matter at hand, KKR & Co Inc has collected $18.5 billion for its latest flagship North America private equity fund, in what is slated to be its biggest-ever fund in less than five… Read More ›
G7 increases focus on malignant threats from China, Russia
On Tuesday, in a significant development, Britain is set to agree to a firm decisive stand from its G7 partners to protect democracies against global threats stemming from China and Russia. Hosting the event, Britain is likely to lay the… Read More ›
Euro Zone Contracts In Q1 And Slips Into Another Recession
With a third wave of the Covid-19 pandemic hitting some countries of the Eurozone forcing re-imposition of lockdowns and restrictions, the euro zone economy contracted in the first quarter of 2021. According to preliminary data released by Europe’s statistics office… Read More ›
Biggest Economic Boom In UK Since 1948 Predicted By Barclays Chief
Barclays chief Jes Staley believes that the biggest economic boom since the one after World War Two will be experienced by the United Kingdom. This comment was made by him even as the bank reported more than doubling of profits… Read More ›
Facebook Gains From Surge In Pandemic Ad Spending But Warns Of Apple’s New Privacy Policy
The largest social media company of the world Facebook has warned that its growth later this year could “significantly” drop because of new Apple Inc privacy policies which will make it much more difficult for the company to target ads…. Read More ›
Reports Of EIB Planning Digital Bond Issuance Pushes Ethereum To Record High
Media reports about the plans of the European Investment Bank to launch a “digital bond” sale on the ethereum blockchain network encouraged investors in this digital currency – the second largest of the world in terms of market capitalization which… Read More ›
Indian Govt. Orders Twitter To Remove Critical Virus Posts, Anger Erupts On Social Media
There was outrage in India after the government ordered the social media platform Twitter to remove posts that criticised the role of the government in the manner in which it had handled the massive second wave of the Covid-19 pandemic…. Read More ›
With Rebound In Oil Price, BP Reports Hike In Quarterly Profit To $3.3bn
The shareholders of British Petroleum (BP) will be handed over a $500m cash windfall as the energy giant reported its biggest quarterly profit since the start of the Covid-19 pandemic began because of the recovery of the oil markets form… Read More ›
Eli Lilly Misses Profit Expectations As Its Covid-19 Drugs Sale Hit By Vaccine Roll Out
The global roll out of Covid-19 vaccines – and especially those in the United States, hit the demand and sale of the Covid-19 antibody therapies of Eli Lilly and Co. That forced the company to report profits for the first… Read More ›